Displaying items by tag: Kryvyi Rih

Ukraine: PrJSC Kryvy Rih Cement, under the initiative of Concorde Capital founder Ihor Mazepa, will build a 24MW power generation facility to ensure continuous plant operations, according to Interfax Ukraine. The project will reportedly cost around US$15m, with a payback period of three to four years.

Ihor Mazepa posted on Facebook "This is a necessary measure to keep business from stopping. In general, I see the prospect of investing in energy projects. Therefore, in a short period we will build 40MW of storage capacity, which will balance the energy market. We see a good return on investment in the amount which can reach up to 30% depending on the market development scenario."

Ukraine: The Interdepartmental Commission for International Trade (ICIT) has pursued a complaint by multiple domestic cement producers including Buzzi-Unicem subsidiary Dyckerhoff, HeidelbergCement subsidiary Kryvyi Rih Cement and CRH subsidiary Podilsky Cement in opening an investigation into imports of cement from Turkey. The Uriadovy Kurier newspaper has reported that, on its preliminary assessment, the ICIT deemed the complaint to provide “sufficiently substantiated evidence on the basis of which it can be considered that the importation of cement into Ukraine originating in Turkey could be at dumped prices, the margin cannot be considered minimal and the import volumes are not insignificant in accordance with the law.” It added, “The complaint also provides sufficiently substantiated evidence that imports were made to an extent and under conditions such that they may cause material injury to the domestic producer.”